Gold is showing a stronger recovery structure after reacting from the monthly low around 4,025. On the H2 chart, price has reclaimed the short-term sellside liquidity area and is now holding above the buy zone around 4,300 – 4,324, showing that buyers are starting to regain control.
FUNDAMENTAL ANALYSIS
Gold is still reacting to the U.S. dollar, Treasury yields and upcoming U.S. data. However, the latest price action shows a stronger technical recovery after lower liquidity was swept.
For now, if buyers continue to defend the current buy zone, gold may extend the bullish correction toward higher resistance and liquidity levels.
TECHNICAL ANALYSIS – SMC + FIBONACCI
From an SMC perspective, gold swept the monthly low near 4,025, then created a strong bullish reaction. This move shows that sellside liquidity was taken before buyers stepped back into the market.
The price has now broken above the 4,203 sellside liquidity level and filled the opening gap area. More importantly, gold is holding around the buy zone near 4,300 – 4,324, which becomes the key area for bullish continuation.
The next important level is the support around 4,366. If price reclaims this area, the structure may continue to shift stronger, opening the path toward the strong support-turned-resistance zone around 4,420 – 4,440.
Above that, the market may target 4,476, 4,515 and the upper liquidity area near 4,595. As long as gold stays above the buy zone and does not lose 4,269, the bullish continuation scenario remains valid.
KEY PRICE ZONES TO WATCH
Current price area: 4,324
Buy zone: 4,300 – 4,324
Opening gap support: 4,269
Sellside liquidity: 4,203
Month low: 4,025
Nearest resistance: 4,366
Strong support-turned-resistance: 4,420 – 4,440
Next resistance: 4,476
Bullish target 1: 4,515
Bullish target 2: 4,595
Invalidation area for buy view: Below 4,269
TRADING SCENARIOS
Buy Scenario – Priority H2 View
If gold holds above the 4,300 – 4,324 buy zone, I will watch for bullish continuation toward the higher resistance areas.
Buy Zone: 4,300 – 4,324
Entry Condition: Bullish rejection, liquidity sweep, lower-timeframe CHoCH, or continuation above the current buy zone.
Stop Loss: Below 4,269 or below the nearest swing low.
Take Profit:
TP1: 4,366
TP2: 4,420 – 4,440
TP3: 4,476
Continuation Buy Scenario
If gold breaks and holds above 4,366, buyers may continue to push price toward the higher liquidity levels.
Buy Condition: Wait for a clean break above 4,366, then watch for a retest and bullish rejection.
Target: 4,476 – 4,515
Sell Scenario – Only Short-Term Reaction
A sell setup is not the main view now. However, if gold reaches the 4,420 – 4,440 zone and shows strong rejection, a short-term pullback may appear.
Sell Zone: 4,420 – 4,440
Entry Condition: Bearish rejection, failed breakout, or lower-timeframe bearish CHoCH.
Take Profit:
TP1: 4,366
TP2: 4,324
Invalidation: If price breaks and holds above 4,440, the sell reaction idea becomes weaker.
MY VIEW ON GOLD
My current view for gold is bullish continuation while price holds above the 4,300 – 4,324 buy zone. The chart shows a clear recovery after sweeping the monthly low, and buyers are now trying to build a stronger structure above the previous sellside liquidity.
The cleaner plan is to watch the lower timeframe for confirmation around the buy zone. If buyers defend this area, gold may continue higher toward 4,366, then 4,420 – 4,440.
Overall, gold is showing a stronger recovery phase. The bullish view remains valid as long as price stays above 4,269 and continues to form higher reactions from the current buy zone.
Do you think gold will hold the 4,300 – 4,324 buy zone and continue toward 4,440 this week?
Trade active
The buying zone has been triggered and is currently profitable. With the current upward momentum, gold could go even higher, so hold this position.
Trading is a journey. The destination is mastering yourself
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading is a journey. The destination is mastering yourself
t.me/+qqEvv7Li9Tg2NTE1
t.me/+qqEvv7Li9Tg2NTE1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.